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$ 2,000,000
Est. payment | /mo
4,011 Sqft Lot
$ 2,000,000
Est. payment | /mo
4,011 Sqft Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26231716
HOA Y/N No
Year Built 1925
Lot Size 4,011 Sqft
Property Sub-Type Business
Property Description
Exceptional commercial real estate investment and owner-user opportunity situated along one of Pasadena's most iconic and heavily traveled thoroughfares. Located at 2212–2220 East Colorado Boulevard, this multi-tenant commercial property encompasses a 3,930-square-foot building positioned on a 4,022-square-foot lot. Spanning five contiguous addresses (2212, 2214, 2216, 2218, and 2220), the building is divided into four active retail storefronts.Situated directly along the historic Route 66 corridor, the property enjoys outstanding street visibility, strong foot and vehicle traffic, prominent signage, and effortless access to the 210 Freeway and surrounding East Pasadena retail nodes.
The property generates immediate income through three leased storefronts: Unit 2212 ($2,100/month), Unit 2214 ($2,175/month), and Unit 2220 ($2,300/month). Unit 2216 ($2,300/month) currently operates with a reliable tenant as well, while Unit 2218 is owner-occupied, offering an ideal setup for an owner-operator seeking to establish their own business on Colorado Boulevard while collecting substantial rental income from neighboring suites. With low vacancy history and strong local trade area demographics, this property represents a versatile, high-upside asset in a high-demand Pasadena commercial district.
The property generates immediate income through three leased storefronts: Unit 2212 ($2,100/month), Unit 2214 ($2,175/month), and Unit 2220 ($2,300/month). Unit 2216 ($2,300/month) currently operates with a reliable tenant as well, while Unit 2218 is owner-occupied, offering an ideal setup for an owner-operator seeking to establish their own business on Colorado Boulevard while collecting substantial rental income from neighboring suites. With low vacancy history and strong local trade area demographics, this property represents a versatile, high-upside asset in a high-demand Pasadena commercial district.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Interior
Heating Forced Air
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 5747006022
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Trust
Listed by Espi Bagwell Keller Williams Realty 626-824-2267, DRE #01168881